📊 BTC Short-Term Outlook
It looks like Bitcoin may be forming a short-term bottom around $84K.
I wouldn’t be surprised to see one final relief rally toward $88K before another leg lower into the low $80Ks 📉.
If the downside continues, the level I’m watching most closely is the 50W MA around $79K. This is an important medium-to-long-term trend indicator and can act as support during larger market pullbacks.
🎯 Key levels I’m watching:
🟢 $84K → Short-term base
🟡 $88K → Potential relief-rally resistance
🔴 Low $80Ks → Next downside zone
🔵 ~$79K → 50W MA / deeper support
🧠 My view:
A short-term bounce doesn’t necessarily mean the broader correction is over.
#BTC #bitcoin #trading #CryptoAnalysis
It looks like Bitcoin may be forming a short-term bottom around $84K.
I wouldn’t be surprised to see one final relief rally toward $88K before another leg lower into the low $80Ks 📉.
If the downside continues, the level I’m watching most closely is the 50W MA around $79K. This is an important medium-to-long-term trend indicator and can act as support during larger market pullbacks.
🎯 Key levels I’m watching:
🟢 $84K → Short-term base
🟡 $88K → Potential relief-rally resistance
🔴 Low $80Ks → Next downside zone
🔵 ~$79K → 50W MA / deeper support
🧠 My view:
A short-term bounce doesn’t necessarily mean the broader correction is over.
#BTC #bitcoin #trading #CryptoAnalysis